![Andrejsala project entices investors with residence permits](https://static.lsm.lv/media/2024/06/thumbnail/1/nuld.png)
A week ago, a vision for the development of Rīga's Andrejsala district was presented, for which an Arab investor is ready to give money, and a company linked to the families of the former Prime Minister Andris Šķēle and Saeima deputy Ainārs Šlesers is ready to give land. Foreigners are being offered the chance to obtain a residence permit in Latvia and the European Union in exchange for a €250,000 investment, reports Latvian Television's De Facto on June 2.